Frequently Asked Questions

What is ADISA?
ADISA, the Alternative & Direct Investment Securities Association, formerly the Real Estate Investment Securities Association (REISA), and before that, the Tenant-In-Common Association (TICA), is a trade association serving all professionals who offer and distribute alternative investments. ADISA members include broker-dealers, sponsors, registered investment advisers, registered representatives, financial advisors, lenders, real estate brokers, consultants, due diligence firms, investment advisers, accountants, law firms, technology firms and other affiliated companies and personnel.

How do I become a member of ADISA?
You may join ADISA online.

If a member is eligible for multiple membership classes, how is the membership class determined?
The appropriate membership class is determined by the primary business purpose of the member's relationship with ADISA. For example,  a principal of a sponsor who is also a licensed registered representative, and who is primarily a member of ADISA to market, promote or solicit for the benefit of the sponsor, is defined as a sponsor member. Members are expected to select their classification ethically and not circumvent the intent of the classes for their own financial or other benefit. Contact Tony Grego for clarification. 

How much are membership dues? 
The cost of membership dues depends on what classification group you are in. Go to the membership dues page to see all the fees.
Is my membership based on an anniversary date or prorated on a calendar year?
Membership is based on an anniversary date.
Does ADISA and its members adhere to a set of professional standards?
Yes, ADISA has established a guideline of standards for its members with its Code of Ethics. All members receive a copy of the Code of Ethics in their welcome kit. Read the Code of Ethics.